PVH appoints Lego financial chief to board (#1681474)

PVH Corp. has announced the appointment of Jesper Andersen, executive vice president and chief financial officer of the Lego Group, to its board of directors, effective immediately.

He has also been appointed to the board’s audit and risk management committee.

With over 25 years of global leadership experience at major consumer brands, Andersen has served as CFO of the Danish toymaker since October 2020. The executive has played a critical role in the group’s growth over the last four years, including identifying new opportunities to expand the relevance and reach of the portfolio, according to a press release from the parent of Tommy Hilfiger and Calvin.

Prior to Lego, Andersen has served as chief financial officer at Upfield and Beiersdorf, and spent two decades in finance leadership roles at Colgate-Palmolive in Europe, Asia and North America.

“Jesper is a seasoned global leader with deep experience driving sustainable, brand-accretive growth at one of the most iconic, high-performing consumer brands in the world,” said ​​Stefan Larsson, PVH chief executive officer.

“Jesper’s very strong financial acumen, omnichannel experience and data-driven approach make him an excellent addition to our  board of directors as we pursue our vision to build Calvin Klein and Tommy Hilfiger into two of the most desirable lifestyle brands in the world.”

The news comes two months after PVH appointed Fredrik Olsson, former managing director of Max Fashion in the Middle East, to the role of CEO of its EMEA region.

In its most recent trading update,  ​PVH Corp. revenues decreased 6% to $2.074 billion in the second quarter, hurt by dwindling sales in the U.S. company’s overseas markets, especially in Asia Pacific.